Walgreens - W Belmont Avenue - Chicago, IL

6809 W Belmont Ave Chicago , IL 60634-4644

Walgreens - W Belmont Avenue - Chicago, IL - Retail for sale

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Overview



Urban infill investment opportunity for sale along one of Chicago’s busiest east-west thoroughfares, Belmont Avenue. Currently leased by Walgreens, who just executed its first five-year renewal option, demonstrating a commitment to the location. 

Investment Highlights


  • Property has over 6 years of remaining lease term with seven 5-year options to renew
  • Walgreens features an investment-grade credit rating of BBB
  • Dense infill location 
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 6809 W Belmont Ave, Chicago, IL 60634-4644
Land In Acres 0.76
Building Size 13,001  ft2
Year Built 1999
Financial
Price $5,000,000
Cap Rate 7.10%
Current NOI $355,000.00
Lease

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